DJIA spreadbetting company

[peterohare]

I have accounts with IGIndex and Capital Spreads but neither of them offer the ability to spreadbet on DJIA. Does anyone know of a company that will let me do this. CityIndex says they do but in fact I don't believe they do on closer inspection. I am relatively new to spreadbetting and have read strategies on trading the DJIA daily but cannot find a place to do it. Any advice would be extremely helpful.
Regards

 

[rajibde]

I have accounts with IGIndex and Capital Spreads but neither of them offer the ability to spreadbet on DJIA. Does anyone know of a company that will let me do this. CityIndex says they do but in fact I don't believe they do on closer inspection. I am relatively new to spreadbetting and have read strategies on trading the DJIA daily but cannot find a place to do it. Any advice would be extremely helpful.
Regards

It's known as 'Wall Street' and you'll find that it's traded in the SB companies that you've mentioned. Happy Trading!

 

[peterohare]

Thanks for the quick reply.

 

[TraderAli]

Dude, do you have a strategy or are you just jumping right into it ?

Beware of the spread costs - I think its 4pips each side which means that you will not make a profit until your position goes positive 8+ points. This in other words mean that with a 10 point plus move on your side you will only gain 2 points profit spread betting the dow, which also means tough !

I am interested to hear if there are any successful day traders consistantly making a profit spread betting the Dow ?

 

[Gap Man]

Dude, do you have a strategy or are you just jumping right into it ?

Beware of the spread costs - I think its 4pips each side which means that you will not make a profit until your position goes positive 8+ points. This in other words mean that with a 10 point plus move on your side you will only gain 2 points profit spread betting the dow, which also means tough !

I am interested to hear if there are any successful day traders consistantly making a profit spread betting the Dow ?

Most are 4 point spreads, not 8 - certainly with City Index anyway (8pnts ooh)